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When policymakers and private agents use models, the economists who design the model have an incentive to alter it in order infuence outcomes in a fashion consistent with their own preferences. I discuss some consequences of the existence of such ideological bias. In particular, I analyze the...
Persistent link: https://www.econbiz.de/10010739019
New fast estimation methods stemming from control theory lead to a fresh look at time series, which bears some resemblance to "technical analysis". The results are applied to a typical object of financial engineering, namely the forecast of foreign exchange rates, via a "model-free" setting,...
Persistent link: https://www.econbiz.de/10008791958
Notre recherche s'appuie sur une étude de cas menée dans une grande entreprise publique française venant de mettre en place un nouveau système de pilotage de la performance. La perspective adoptée pour cette étude s'inscrit dans le courant de recherche connu dans la littérature...
Persistent link: https://www.econbiz.de/10008792966
La mise en place d'un nouveau réseau de transport en commun s'accompagne d'une nouvelle organisation commerciale visant à accompagner et à porter les ambitions du réseau. Le présent rapport détaille la nouvelle offre de transport et les stratégies marketing mis en œuvre pour gagner en...
Persistent link: https://www.econbiz.de/10010898555
This paper investigates the identification, the determinacy and the stability of ad hoc, "quasi-optimal" and optimal …
Persistent link: https://www.econbiz.de/10011026031
This paper investigates the identification, the determinacy and the stability of ad hoc, "quasi-optimal" and optimal …
Persistent link: https://www.econbiz.de/10011026203
We examine the determinants of income inequality and mobility in a Ramsey model with elastic labor supply. Individuals …
Persistent link: https://www.econbiz.de/10010933912
level since 1870. Inequality in years of schooling is found to be rapidly decreasing, but we show that this result is … completely driven by the decline in illiteracy. Then, we turn to inequality in human capital and focus on a Mincerian production … capital inequality has increased since 1870, but does not exceed 10% of world income inequality. Next, we analyse the …
Persistent link: https://www.econbiz.de/10010930213
On the website of their recent book Pour une Revolution Fiscale, Landais, Piketty and Saez (2011) have provided the public with free access to all their quantitative data, inviting the readership to critically appraise and publicly discuss their work. Unfortunately, the book's graphical...
Persistent link: https://www.econbiz.de/10010535380
We show that it is possible to reconcile the utilitarian and welfarist principles under the requirement of unanimity provided that the set of profiles over which the consensus is attained is rich enough. More precisely, we identify a closedness condition which, if satisfied by a class of...
Persistent link: https://www.econbiz.de/10009325716